Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$160,013$160,013$260,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$100,087$0
Funding fee$800$800$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.844%7.560%
1st payment$746.33$746.33$1,786.71
2nd payment$0.00$667.25$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$939.08$1,606.32$2,031.48
Cash to close$128,987$28,900$28,900